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Investment Highlights

  • MULTIPLE BACK-UP POWER GENERATION SYSTEMS
  • ONSITE DATA CENTER OPERATIONS
  • FITNESS CENTER AND LOCKER ROOMS
  • ONSITE CAFETERIA FOR STAFF
  • EXISTING OFFICE FLOOR PLAN
  • POTENTIAL FOR REDEVELOPMENT OF EXCESS LAND

Executive Summary

The property at 3415 Hammond Avenue in Waterloo, Iowa, offers a rare opportunity to acquire or reposition a 155,000 SF former Class A corporate office facility situated on 18.58 acres within the stable and economically diverse Waterloo–Cedar Valley market. Currently underutilized, this two-story campus provides significant flexibility for a wide range of end users, including corporate office occupiers, educational institutions, or residential developers seeking large scale conversion opportunities.

Property Facts

Sale Type
Owner User
Sale Condition
Lease Option
Property Type
Office
Building Size
155,000 SF
Building Class
B
Year Built
1980
Price
$3,500,000
Price Per SF
$22.58
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
77,500 SF
Building FAR
0.23
Lot Size
15.74 AC
Zoning
R-4
Parking
898 Spaces

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 3451
  • 155,000 SF
  • Office
  • -
  • Now

The property at 3415 Hammond Avenue in Waterloo, Iowa, offers a rare opportunity to acquire or reposition a 155,000 SF former Class A corporate office facility situated on 18.58 acres within the stable and economically diverse Waterloo–Cedar Valley market. Currently underutilized, this two-story campus provides significant flexibility for a wide range of end users, including corporate office occupiers, educational institutions, or residential developers seeking large scale conversion opportunities. The site benefits from immediate proximity to the San Marnan retail corridor and the transformative The BLVD at Crossroads redevelopment (formerly Crossroads Mall site), positioning future owners to leverage robust regional amenities, including retail, dining, entertainment, and civic offerings, along with excellent connectivity to Highway 20 and Interstate 380 for efficient movement of employees and visitors.

Space Size Space Use Condition Available
1st Fl-Ste 3451 155,000 SF Office - Now

1st Fl-Ste 3451

Size
155,000 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 3451

Size 155,000 SF
Space Use Office
Condition -
Available Now

The property at 3415 Hammond Avenue in Waterloo, Iowa, offers a rare opportunity to acquire or reposition a 155,000 SF former Class A corporate office facility situated on 18.58 acres within the stable and economically diverse Waterloo–Cedar Valley market. Currently underutilized, this two-story campus provides significant flexibility for a wide range of end users, including corporate office occupiers, educational institutions, or residential developers seeking large scale conversion opportunities. The site benefits from immediate proximity to the San Marnan retail corridor and the transformative The BLVD at Crossroads redevelopment (formerly Crossroads Mall site), positioning future owners to leverage robust regional amenities, including retail, dining, entertainment, and civic offerings, along with excellent connectivity to Highway 20 and Interstate 380 for efficient movement of employees and visitors.

Property Taxes

Property Taxes

Parcel Number
8813-02-301-062
Land Assessment
$846,600
Improvements Assessment
$1,825,380
Total Assessment
$2,671,980
  • Listing ID: 39571169

  • Date on Market: 2/25/2026

  • Last Updated:

  • Address: 3451 Hammond Ave, Waterloo, IA 50702

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